Inter & Co, Inc. (NASDAQ:INTR) Stock Price Up 3.8% – Time to Buy?

Inter & Co, Inc. (NASDAQ:INTR)’s share price was up 3.8% on Friday . The company traded as high as $4.72 and last traded at $4.68. Approximately 158,597 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,499,153 shares. The stock had previously closed at $4.51.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Inter & Co, Inc. currently has an average rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Stock Performance

The business’s fifty day moving average price is $5.85 and its 200-day moving average price is $6.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24.

Institutional Trading of Inter & Co, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atom Investors LP bought a new position in shares of Inter & Co, Inc. in the third quarter worth $71,000. Allspring Global Investments Holdings LLC bought a new position in Inter & Co, Inc. in the 3rd quarter worth about $91,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $103,000. Walleye Capital LLC purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $162,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at about $163,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.